How Much To Update My Will?

Transcript:

How much will it cost to update my will?

For even the simplest changes, probably more than you think.

Here’s why.

First, most lawyers need to review your entire estate plan for even the smallest changes, and that’s because even small changes can have rippling effects that would have unintended consequences to the rest of your plan.

Any good lawyer will have to look out for all of that.

And number two, any changes, even a one line change or one name change requires the same level of signing formality as when you first signed your will.

And you remember, two witnesses, a lawyer, a huge stack of paper. All that has to happen again.

So the actual attorney fees will probably be in the range of about half of what you paid when you first did your will, or anywhere from 500 to a few thousand dollars.

Next, I’ll brainstorm with you about some ideas of how to bring these costs down and make this more convenient for you.